Which of the Following Is NOT an Argument in Favor

question 11

Multiple Choice

Which of the following is NOT an argument in favor of export-oriented development over import substitution?

• A) International competition compels domestic producers to become more efficient.
• B) Exposure to world markets enhances opportunities to learn new technologies.
• C) Producing for export permits greater specialization.
• D) Outward-looking development favors firms that are better at rent seeking.

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Definitions:

Variable Overhead

Overhead costs that fluctuate with changes in production activity levels, such as utilities or materials used in production.

Labour Rate Variance

The difference between the actual cost of labour and the standard or expected cost of labour.

Sales Volume Variances

Sales volume variances represent the difference between the actual quantity of product sold and the expected quantity sold, indicating market performance or operational efficiency.

Standard Costing

A cost accounting method that assigns expected costs to each unit of production to help managers identify variances between expected and actual costs.